The Learning Curve

New tricks for an old dog.

Hard numbers – Federal revenue 2007 – 2010

According to the Financial Management Service of the U. S. Treasury, the revenue received by the Federal government from all sources was 2.6 trillion dollars in fiscal year 2007. This amount is used as a baseline for comparison of Federal revenues in subsequent years.

Federal Revenue

2007 – $2,568 billion

2008 – $2,524 billion (- $44 billion)

2009 – $2,104 billion (- $464 billion)

2010 – $2,162 billion (- $406 billion)

Despite what anyone else might say about the Federal budget deficit, the numbers suggest a large part is a revenue problem.  The financial meltdown of 2008 has reduced the amount of revenue the Federal government might otherwise have expected to receive by nearly a Trillion Dollars.

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Written by Tom Fox

07/24/2011 at 12:04 pm

Posted in Politics

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